Public Economics
Public Economics is a branch of economics that studies the role of the government in the economy. It examines how government policies, such as taxation and public spending, affect economic efficiency and the distribution of resources. By analyzing these factors, public economists aim to understand how to improve social welfare and address issues like poverty and inequality.
This field also explores the provision of public goods, which are services that benefit everyone, such as education and infrastructure. Public economists evaluate the effectiveness of government interventions and seek to design policies that promote economic growth while ensuring fairness and equity in society.